 | |
| Company type | Public |
|---|---|
| NYSE: NOVA | |
| Industry | Solar energy |
| Founded | 2012 |
| Founder | John Berger |
| Headquarters | , U.S. |
| Products | Solar panel installations, Energy storage solutions |
| Services | Solar energy as a service, Repair services |
| Revenue | $1.4 billion (2023) [1] |
| Total assets | $3.2 billion (2023) [2] |
| Total equity | $1.8 billion (2023) [3] |
Number of employees | 1,200 (2023) [4] |
| Website | www.sunnova.com |
Sunnova Energy International Inc. is an American energy company that provides residential solar and energy storage services. The company was founded in 2012 and is headquartered in Houston, Texas. Sunnova operates primarily in the United States, offering solar panel installations, battery storage, and repair services to homeowners and businesses. [5]
Sunnova was founded in 2012 by William J. (John) Berger. The company quickly expanded its operations across the United States, focusing on providing affordable, reliable, and sustainable energy solutions to residential customers. Over the years, Sunnova has grown to become one of the leading residential solar service providers in the country. [6] [7]
Sunnova’s business model revolves around providing energy as a service (EaaS). The company offers solar panel installations, energy storage solutions, and various financing options, including solar leases and power purchase agreements (PPAs). This model allows homeowners to adopt solar energy with little to no upfront costs, paying instead for the energy produced by the solar systems over time. [8]
Sunnova is led by a team of experienced professionals in the energy sector. William J. (John) Berger serves as the CEO, with a board of directors that includes experts in finance, energy, and technology. [13]
Sunnova has demonstrated steady growth in revenue and customer base since its founding. The company went public in 2019, trading on the New York Stock Exchange under the ticker symbol "NOVA." Its financial performance has been bolstered by the increasing demand for residential solar energy and energy storage solutions. [14] [15]
Sunnova has faced some criticism and legal challenges, primarily related to customer service and contract disputes. However, the company has addressed these issues by improving its service offerings and customer support systems. [16]
Sunnova has received several industry accolades for its contributions to the renewable energy sector. The company has been recognized for its innovation in energy storage and its efforts to expand access to solar energy across the United States. [17]
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